GER40-SELL strategy 12 hourly chartThe movement upwards was very extreme, and it resembles TSLA shares reaching such RSIs, but in the end a large corrective action follows. I feel we will see correction of the index towards 20.450 from the current 21,315 area.
Strategy SELL @ 21,250-21,375 and take profit near 20,750 for now.
GER30 trade ideas
de30We had excellent analysis of the commodities, energy, cryptocurrencies and indices markets
We had good gains for de30
We still have a general upward trend regardless of any slight or violent downward correction and it is expected but the upward targets are confirmed as a general upward trend
Targets 21200 to 2600 areas
But the time difference is what plays the role of the upward but the general trend is upward
For more updates follow me
DAX // possible start of the correctionThe market has reached the daily target fibo 200 and broke the H4 structure by breaking below the H4 impulse base.
If H4 makes a new low before making a new high, the countertrend becomes valid.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
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DAX Short - How Many Times You Got Already Burned?So, obviously the masses are short while institutions are long. We wanna know where they take profit. Psytropy gives us this beautiful report, combining it with middle of the month (loves to be reversal), let's short. I'll update the correct take profit levels later.
Moustafa! Dax towards 19420 as TP1 07.01.25* We are in front of a golden chance to short it from its peak!!
* Broke the uptrend line on the daily frame
* It will return back to the huge rising wedge which it broke through before and caused that huge bullish wave
* If it will go to TP2 it means that it will fill the daily gap which was not filled since long time ago!
***Note
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
DAX Long1)Trend defined. Weekly Uptrend.
2)Contradictory entry. Retracement visiting a previous key level.
3)Default loss. Below the false breakout of the 1h range.
4)Default target level. First 4.91, second 5.69. Third arbitrary at 7.2 (looking at the round level of 20.600)
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Weekly Technical AnalysisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend is set by the slope of the VWAP over 50 periods
Phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
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Analysis
Germany 40
The Germany 40 is in a robust bullish impulsive phase, trading at 20,916, significantly above the VWAP (20) level of 20,265. Key support is established at 19,535, with resistance at 20,995. With the RSI soaring at 78, the market is approaching overbought conditions, underscoring strong upward momentum.
UK 100
The UK 100 has made a major breakout with a bullish and impulsive tone, currently trading at 8,517, comfortably above its VWAP (20) of 8,266. The support level is defined at 8,022, while immediate resistance lies at 8,500. The RSI of 75 signals bullish momentum, affirming the prevailing trend.
Wall Street
Wall Street’s bullish trend looks like it could be about to resume after a long correction. Trading at 43,520, the price is above the VWAP (20) of 42,633. Support is noted at 41,720, while resistance is placed at 43,600. With the RSI at 60, the correction could provide a setup for continued bullish momentum.
Brent Crude
Brent Crude’s bullish impulsive movement persists as it trades at 7959, comfortably above its VWAP (20) of 7753. Support is set at 7250, while resistance is capped at 8,256. The RSI at 61 indicates firm momentum, albeit down from overbought territory.
Gold
Gold’s neutral consolidation phase is just about intact after a bullish push, with prices at 2,711, marginally above its VWAP (20) of 2,661. Support is seen at 2,596, and resistance is nearby at 2,727. The RSI at 62 suggests balanced conditions, with a slight tilt toward bullish activity.
EUR/USD
EUR/USD remains in a bearish impulsive phase, trading at 1.0319, just below its VWAP (20) of 1.0310. Support is identified at 1.0216, while resistance is noted at 1.0417. The RSI at 46 reflects continued bearish momentum without immediate oversold conditions.
GBP/USD
GBP/USD is entrenched in a sharp bearish impulsive move, trading at 1.2199, well beneath its VWAP (20) of 1.2352. Support is established at 1.2066, with resistance higher at 1.2637. With the RSI at 33, the pair is nearing oversold levels, hinting at potential consolidation coming next.
USD/JPY
USD/JPY is in a bullish correction, trading at 156.38, slightly below its VWAP (20) of 157.33. Support is anchored at 155.03, and resistance is positioned at 158.81. The RSI at 48 denotes neutral momentum, aligning with its corrective phase.
DAX Daily Short Setup: Targeting 19,700The DAX approached its previous high but failed to break through, signaling potential exhaustion at these levels. In response, I have initiated a short position, targeting a retracement to the 19,700 price zone.
Fundamental Insights:
1. Economic Uncertainty: Disappointing inflation data from China has sparked concerns about demand for German goods, which weighed heavily on DAX futures during the Asian session.
2. Sector Weakness: The auto sector, including Porsche, BMW, and Volkswagen, saw significant declines due to lingering tariff threats and softening demand.
3. US Jobs Report Impact: Friday’s US Jobs Report could further dictate market sentiment. A weaker report may boost expectations for rate cuts, providing temporary support to the DAX. Conversely, stronger data may reinforce bearish momentum.
4. German Economic Indicators: While November’s industrial production showed a 1.5% rise, weak factory orders suggest limited optimism. Imports fell 3.3%, signaling declining demand, further justifying a cautious short bias.
Technical Outlook:
• The DAX remains above its 50-day and 200-day EMAs, indicating bullish momentum. However, failure to sustain above 20,523 strengthens the likelihood of a retracement.
• The RSI near 59 suggests room for further downside before approaching oversold conditions.
As always, maintain disciplined risk management. Let’s see how this setup unfolds!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
DAX H4 | Heading into Fibonacci confluence resistance zoneDAX (GER30) is rising towards a resistance barrier and could potentially reverse off this level to drop lower.
Sell entry is at 21,073.71 which is a resistance zone that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension.
Stop loss is at 21,400.00 which is a level that sits above the 100.0% Fibonacci projection.
Take profit is at 20,510.80 which is a pullback support.
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#202503 - priceactiontds - weekly update - daxGood Evening and I hope you are well.
comment: Neutral. Last week I noted that my bearish bias was probably not good since us markets were bullish enough and dax could not move below 20100. The big gap up on Tuesday was the first clue to refrain from shorts and on Wednesday bears gave up and we melted higher until Friday’s close. The upside is now probably very limited but it’s too early for most bears. My max target above is around 21200 and until bears print either a very huge down day or we had 2-4 days sideways to down movement with a retest of 20900/21000, I would not look for swing shorts.
current market cycle: Bull trend (wedge or channel, difference does not matter) until we get below 20300 again.
key levels: 20500 - 21200
bull case: Bulls are in full control since Wednesday and they will likely get 21000 and maybe a bit above it. Their problem is that they are buying high with multiple upper trend lines which could still be resistance. That argument is somewhat weak in the face of a strong trend and that is what we had last week. You never know how far they go but it’s climactic behavior and structuring longs above 20900 is tough. Longs only on strong momentum.
Invalidation is below 20500.
bear case: Bears gave up on Wednesday and they will probably wait for 21k and a reaction there. Never try to be the first bear. Let the big institutions show you where there is no more bid and then let the profit taking begin. V-reversals are so rare that you should almost never worry about them. Bears first target is the gap close 20675 and then the second body gap to 20574.
Invalidation is above 21200.
short term: Neutral. We have a clean channel/bull wedge up and we are very close to the upper trend line. Could go a bit higher before potentially reversing. 21200 is my max target.
medium-long term from 2024-01-18: Market will likely hit 21000 and then it’s about patience to time the shorts right.
current swing trade: Last swing short was not good but part of the game. I am waiting for bears to come around again.
chart update: Marked potential targets for both sides.
Ger30 trading planHi traders expect a pull back on ger30,you can see a clear breakout without a proper retest,according to my opinion we need a retest to atleast 20600 to 20400 in order to find proper entries to those who didn't manage to take it from the start,you might get a chance to position yourselfs,am just trying to spot quickly trend for coming weeks for both indices,trade responsible.
This is 30 y parallel up channel...the widh of channel is 8900Do you think there is room for further growth?i think that pumping is done ( was resault of biden's administration to help friendly partner germany in its bad economic times and against ukraina war) and its matter of time to crash about 20 %....this pump was fake without economic reason but reality has changed
DAX - Slight correction - short term trade, before we move up?Hi guys, not much to be said, the DAX has been perfoming amazingly the past few weeks, looking to catch a short term selling trade.
Entry: 20,883
Target 20,550
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Thu 2025 01 16 ShortRisky short in H3 at 12pm based on negative morning momentum. It's a trade based on one candle, no confirmations down and no 2nd momentum seen yet, against the trend and at an ath.
Hence $ risk is suggested minimal, sl on ath. R 1:1 as target, unless a 2nd down momentum appears and sets new targets down.
DAX // prepare for both sidesThere are times when it's better to stay out of the market.
But we always have to prepare for the next trade.
The primary scenario is long, since this is the primary trend, and the daily and the H4 is waving north. The recent H4 breakdown is in line with both countertrend lines (daily and H4) , so upon a significant break above the long trigger (green), the H4 target fibo 138.2 is my target.
But if the market turns south, and waves down below the daily breakout (short trigger - red), the countertrend may continue to visit the next H4 and daily breakout that is in line with the H4 target fibo 138.2.
Be patient, and wait for a clear breakout of this neutral zone, then go down to the lower timeframes, and trade the countertrend breaks there.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚